Tuesday, March 12, 2013

One Last Look At Futures

Before I turn in, here's what futures look like, a bit interesting actually.

 ES 1 min intraday has an interesting look, rather than the normal chop or range, this is more of a larger rounding pattern with a negative divergence through the entire pattern.


 The ES 5 min chart is leading negative

 NASDAQ 1 min is also in a deep 1 min negative divergence, very long in duration vs the normal overnight futures.

 The NASDAQ 5 min is also leading negative

 Interestingly, the Russell 2000 1 min futures have the same look, a large, long leading negative divergence

 And again, the 5 min is leading negative.

 The $US Dollar Index futures are leading positive

The Euro futures are in a large relative negative divergence.

Yen futures...
 The Yen Futures 1 min are leading positive

The Yen 5 min chart is in a large, multi-day leading positive divergence, quite impressive actually.

As for the pairs... all of them are in an interesting area, they can certainly put in a significant signal from the areas they are in and by looking at the single currency futures, I wouldn't be surprised.
 EUR/JPY

 USD/JPY

AUD/JPY

 EUR/USD, $1.30 remains the area of interest.

 EUR/JPY in a consolidation or ?

 USD/JPY, this may be interesting the way the single currency Yen futures look

 AUD/JPY daily , the increasing volatility should be clear

 The daily close of the AUD/JPY is close to an "Evening Star" downside reversal candlestick pair.

AUD/JPY intraday, also a consolidation or perhaps...? I suppose that depends on what the Yen does, it certainly looks interesting on the Yen Futures above.

Breadth and volume are clearly off, even more than they have been recently as can be seen in the last post. We'll see what they look like in about 7 hours.

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